HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: A 22% haircut

If my calculations are correct we took on about 9% dilution. Not terrible, not great either. If you have faith in this company then try to increase your position by 9%. The price today is close to the offering minus the warrants. We aren't investing in penny stocks on the Venture for their stability. Financings and dilution are integral to the game. There is absolutely zero we can do about it. And there is no one to blame but yourself because you made the decision to invest, no one forced you.

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